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Description of Stock Plans (Tables)
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9 Months Ended |
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Dec. 31, 2014
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Exercise Price for Options Outstanding and Options Exercisable |
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Options Outstanding
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Options Exercisable
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Weighted
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Weighted
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Weighted
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Weighted
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Average
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Average
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Average
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Average
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Number of
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Exercise
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Remaining
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Number of
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Exercise
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Remaining
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Exercise Price
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Shares
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Price
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Life (Years)
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Shares
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Price
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Life (Years)
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$2.50 - 2.75
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911,000
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$
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2.61
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8.81
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468,666
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$
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2.63
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8.81
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$2.76 - 2.85
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358,764
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$
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2.83
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8.76
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140,760
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$
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2.83
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8.76
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$3.85
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111,400
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$
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3.85
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8.58
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52,411
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$
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3.85
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8.58
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$4.00
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667,799
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$
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4.00
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9.23
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124,051
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$
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4.00
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8.56
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$4.05 - 4.11
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588,000
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$
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4.10
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9.39
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40,721
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$
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4.06
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|
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8.52
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$4.23 - 4.5
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908,585
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$
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4.37
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9.12
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169,000
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$
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4.46
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8.63
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$4.65 - $5.89
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110,000
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$
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5.21
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8.90
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35,000
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$
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4.65
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8.24
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3,655,548
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1,030,609
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| Stock Compensation Expense |
Total stock compensation expense for the Company’s 2007 Plan and 2011 Plan, which includes both stock options and restricted stock is included in the following statements of operations components. Please see Note 12 regarding restricted stock:
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Nine Months Ended
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Nine Months Ended
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December 31, 2014
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December 31, 2013
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Product development
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$
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—
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$
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—
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Sales and marketing
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—
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—
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General and administrative
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3,345
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1,906
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$
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3,345
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$
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1,906
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| 2011 Equity Incentive Plan |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Summary of Options Granted |
The following table summarizes options granted under the 2011 Plan for the periods or as of the dates indicated:
Options
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Weighted Average
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Number of
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Weighted Average
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Remaining Contractual
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Aggregate Intrinsic
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Shares
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Exercise Price
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Life (in years)
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Value
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Outstanding, March 31, 2013
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60,000
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$
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4.65
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9.99
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—
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Granted
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2,840,000
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$
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3.33
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—
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Forfeited/Canceled
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(151,860
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)
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$
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3.96
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—
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Exercised
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—
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$
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—
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—
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Outstanding, March 31, 2014
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2,748,140
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$
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3.32
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9.46
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$
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2,080
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Granted
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1,499,200
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$
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4.18
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—
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Forfeited/Canceled
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(591,792
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)
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$
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3.28
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—
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Exercised
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—
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$
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—
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—
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Outstanding, December 31, 2014
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3,655,548
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$
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3.68
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9.05
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$
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831
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Vested and expected to vest at December 31, 2014
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2,795,731
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$
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3.64
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8.99
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$
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684
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Exercisable, December 31, 2014
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1,030,609
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$
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3.31
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8.70
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$
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401
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| 2007 Employee, Director and Consultant Stock Plan equity compensation plan |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Summary of Options Granted |
The following table summarizes options granted under the 2007 Plan for the periods or as of the dates indicated:
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Weighted Average
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Number of
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Grant Date
|
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Shares
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Fair Value
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Outstanding at March 31, 2013
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959,670
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$
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9.00
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Granted
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—
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—
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Vested
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—
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—
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Exercised
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(240,000
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)
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$
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9.59
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Outstanding at March 31, 2014
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719,670
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$
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11.58
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Granted
|
—
|
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—
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Vested
|
—
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|
|
—
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Exercised
|
—
|
|
|
—
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Outstanding at December 31, 2014
|
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719,670
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|
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$
|
11.58
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